The My CU Home Connection Closing Cost Credit promotion of up to $500 is a lender credit that is valid for first-time home purchase transactions only, meaning that the borrower has not owned a home in the previous three years. Additionally, this offer is for a primary residence only, meaning that vacation or investment properties are not valid qualifications for the offer.

Yes, the My CU Home Connection Closing Cost Credit promotion can be used in conjunction with other community grant programs such as First Front Door. 

Subject to loan program guidelines and eligibility

Up to a $500 lender credit will be given at the time of closing, subject to qualification. Offer valid for first-time home purchase transactions only. If the borrowers closing costs exceed $500, the balance will be paid by the borrower. The lender credit can only be used for non-recurring closing costs including title insurance and recording fees, and can’t be applied toward down payment, prepaid items or recurring costs, such as property taxes and insurance. Finally, borrowers cannot receive the program credit as cash back.

My CU Home Connection™ is available to you through a participating credit union membership. Cash Rewards are available to members who register to use My CU Home Connection™ and who use a qualified real estate agent in the My CU Home Connection™ network to buy or sell their home. It is not a requirement to use any or all of the service provider partners in order to earn the realty cash rewards. Cash rewards amounts are dependent on the commissions paid to the agent. The credit union may have specific rules on how cash rewards will be paid. Cash rewards are void where prohibited by law or the lender. Please consult with your credit union for details that may affect you. Account with a minimum balance of $15 to be eligible.

My CU Home Connection is valid as of December 1, 2023 and subject to change or cancellation without notice. Member must obtain a mortgage from American Heritage Credit Union to be eligible. Limit one gift card per household. Offer valid on a home purchased in Pennsylvania, New Jersey, Maryland and Delaware. Member must be in good standing with a minimum $15 deposit to receive offer. Members receiving incentives may be responsible for paying taxes on the incentives. This offer is not redeemable at The Home Depot® stores, American Heritage Credit Union will provide welcome gift card to member within 60 days of closing.

To be eligible for grant assistance, each homebuyer must satisfy the following:

• A person who has not owned an eligible property used as their primary residence in the last three years
• This also includes if purchasing jointly with other individuals, at least one person has not owned an eligible property used as a primary residence in the last three years
• This also includes any person that has owned an eligible property jointly with another individual and is now independently purchasing an eligible property, or
• If an investment property is owned, the person has not lived there and has not owned an eligible property used as a primary residence in the last three years.
• Contribute personal funds as part of the down payment and closing costs.
• Have an income at or below 80 percent of the area median income at the time of enrollment in the program. For information on state income limits visit the Department of Housing and Urban Development site.
• Retain the home for five years from the loan closing date to keep the full amount of the grant. If the home is sold prior to five years, some of the grant subsidy may need to be repaid.
• Complete at least four hours of homeownership counseling from an approved counseling agency prior to the purchase of the home. Counseling must include the topic of predatory lending.

 

Qualified first-time homebuyers can use FFD and Keys grants toward closing costs and down payment assistance on eligible properties that are intended as the primary residence of the homebuyer at the time of program enrollment. These properties include single-family homes, townhomes, condominiums and modular units. Manufactured homes may be eligible if they are permanently affixed to a site. Investment properties are not eligible for FFD or Keys assistance.

 

The First Front Door program begins on April 16, 2024, however members are encouraged to apply for a free pre-approval*** sooner if they’d like to begin home shopping. We will automatically apply you for the grant on April 16th if you apply for a mortgage before that date.

 

Offers valid as of 3/1/2022. All offers are subject to change without prior notice.

*The American Heritage Credit Union My CU Home Connection Credit promotion is a lender credit for specified mortgages funded with American Heritage Credit Union. Up to a $500 lender credit will be given at the time of closing, subject to qualification. Offer valid for first-time home purchase transactions only. If closing costs exceed $500, the balance will be paid by the borrower. The lender credit can only be used for non-recurring closing costs including title insurance and recording fees. This credit cannot be applied toward down payment, prepaid items or recurring costs, such as property taxes and insurance. Borrowers cannot receive program credit as cash back. Valid for borrowers who have not owned a home in the previous three years. Available for primary occupancy homes located in Pennsylvania, New Jersey or Delaware. May be combined with certain community grant programs. Not available with all loan products, please ask an American Heritage Credit Union mortgage lender for details. American Heritage Credit Union may discontinue this offer at any time without prior notice. Equal Housing Lender. Available to members in good standing; Must have an American Heritage Savings Account with a minimum balance of $15 to be eligible.

**All offers are subject to change without prior notice.

**First Front Door grants are provided by FHLBank Pittsburgh through a network of lenders.